Archer Investment Corp Invests $53,000 in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

Archer Investment Corp acquired a new position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SPYV. Williams Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 6,166.3% in the second quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock worth $2,101,241,000 after buying an additional 42,302,888 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth approximately $152,867,000. LPL Financial LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 7.6% during the 2nd quarter. LPL Financial LLC now owns 35,973,940 shares of the company’s stock valued at $1,753,370,000 after purchasing an additional 2,535,855 shares during the last quarter. Cetera Investment Advisers raised its position in SPDR Portfolio S&P 500 Value ETF by 209.0% in the 1st quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock worth $126,801,000 after purchasing an additional 1,711,930 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter worth $84,057,000.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPDR Portfolio S&P 500 Value ETF stock opened at $53.52 on Friday. SPDR Portfolio S&P 500 Value ETF has a one year low of $43.31 and a one year high of $54.61. The business’s 50 day simple moving average is $52.82 and its two-hundred day simple moving average is $50.82. The stock has a market capitalization of $23.20 billion, a P/E ratio of 24.09 and a beta of 0.81.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.